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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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1390 Forest Ave , Portland, ME 04103
$9,999,500
Est. Payment: $51,593.13/mo
0 Bed
0 Bath
39592 Sqft
Status: active | Days on site: 28
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY HIGHER FINANCIAL YEILDS IN THE FUTURE WHEN THE CURRENT AFFORDABLE HOUSING USE, WITH 100% PROPERTY TAX EXEMPTION, MAY BE DISCONTINUED AND ALLOW FOR MULTIPLE OTHER OPTIONS....CALL BRUCE LUDKA FOR MORE INFORMATION.

Highlights

Listed by Bruce Ludka , 207-776-1007 Maine Realty 2000 , 207-893-2000. Maine Real Estate Information System, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
3.8

Year Built

1985

County

Cumberland

Listing ID

1660908

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Carpet,Laminate,Luxury Vinyl
Other:Public

Exterior Features

Lot:Near Shopping
Zoning:54
Roof:Shingle
Sewer:Public Sewer
Parking Features:21+ Spaces,On Site,Paved
Principal Interest
$51,593
Taxes
$6,375

Home Price

$9,999,500

Loan Details

30 yrs
6.695%

Down Payment

20%
$1,999,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$51,593.13

Principal

Taxes

Principal Taxes HOA Total
Monthly $51,593.13 $6,374.68 $0.00 $57,967.81
Yearly $619,117.54 $76,496.18 $0.00 $695,613.71
Total $18,573,526.19 $2,294,885.25 $0.00 $20,868,411.44

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

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